Ghana's economy is currently affected by high inflation and a weak currency.  Commercial banks have been resilient so far, but it is unclear whether their performance will remain as strong as it was in 2021. Despite the current economic environment, commercial banks operating in Ghana are showing signs of resilience. In its Monetary Policy Committee Press release published on May 23, the...

On September 24, 2020, the Congolese telecom regulator introduced a mobile registration tax, much criticized by the population and opposition parties. The tax was recently canceled but the government quickly introduced an alternative mechanism, which operators believe will cause a hike in telecom tariffs.  The Federation of Businesses of the Congo (FEC)’s telecom commission announced,...

Angola will organize a summit, in the coming days, to ease the growing tensions between Rwanda and the Democratic Republic of Congo. According to a statement released, Wednesday (June 1), by the Angolan Presidency, the summit will bring together Rwandan President Paul Kagame and his DRC counterpart Felix Tshisekedi. The summit is in line with a mandate the African Union gave Angolan president...

ARISE Integrated Industrial Platforms (ARISE IIP), a developer and operator of world-class industrial ecosystems across Africa, in partnership with the Ministry of International Cooperation and Public-Private Partnership Promotion of the Republic of Congo, is proud to announce the signing of a memorandum of understanding (MoU) for the development of two industrial zones in Pointe-Noire and...

The memoranda of understanding are aimed at positioning the three parties in the African postal sector, which is undergoing major changes because of the coronavirus pandemic and the growth in the e-commerce sector. Moroccan national postal service Barid Al Maghrib recently signed two memoranda of understanding (MoUs) with the Tunisian and Mauritanian national postal authorities to consolidate...

SODECI’s financial performance bodes well for its share value on the BRVM. Investors are confident in its growth perspectives but all the indicators need to be taken into account. From 2003 to date, the share value of Cote d'Ivoire's water supply agency SODECI rose from XOF995 to 4,880. This represents a whopping 390% rise. Even this year, the share is still on its uptrending run. Between...

Lusaka expects a cancellation of part of its debt by end of June. However, its creditors’ committee co-chaired by China and France, is yet to hold its first meeting.  Zambia and China will work together “to address and resolve debt issue,” According to Zambian President Hakainde Hichilema (photo). In a statement posted on his official Facebook page, Tuesday (May 31), after a phone...

In late 2021, Zimbabwe's Internet penetration rate was 62.6 percent, with most of the Internet users living in urban areas. The government is exploring new solutions to bring connectivity to people living in rural areas and close the digital divide. The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) recently unveiled plans to roll out community networks in every...

The financing is Adiwale Partners’s second investment this year and its first ever in the education sector. Its investment will support Enko Education and prepare it to capitalize on the boom in private education in Africa.   Abidjan-based private equity firm Adiwale Partners, announced, Monday (May 30) the acquisition of a minority stake in Enko Education, a network of African...

According to the World Bank, in Côte d'Ivoire poverty declined from 46.3% in 2015 to 39.4% in 2020. However, the number of poor people has increased by 2.4% in rural areas over the same period. The government now wants to reverse this trend with sustained investments. Côte d'Ivoire plans to reduce its poverty rate from 39.4% to 31.5% in the next three years. The plan was announced by the...